[Speculation] Pearson Put On LTIR, Is There A Trade In The Works?

[ToTellTheTruth]

16 minutes ago, mll said:

6.6M that's roughly the combined cap hit for Josh Teves and Brogan Rafferty who the Canucks signed as NCAA free agents at the end of their college season back in 2018/19.  

 

Each signed a maximum 1 year ELC but with different signing dates.  

• Josh Teves signed with 25 days left to the season.  That ELC had a 1.5M cap hit.
• Brogan Rafferty signed the same contract with 4 days left to the season.  That ELC had a 5.1M cap hit.

The salary is pro-rated but not the bonus that is paid in full, so the pro-rata for the days left to the season has to be neutralised for the bonus.

 

The cap hit is therefore: salary + [(days in the season / days left to the season) x signing bonus] so that when the pro-rata of the days left to the season is applied the salary does indeed equal pro-rated salary + full bonus.

 

Their cap hits for that season are visible on CapFriendly here: https://www.capfriendly.com/teams/cap-tracker/canucks/2019

 

Every entry-level contract is a two-way deal and the maximum salary for a player that is drafted in 2022 is set at $925,000 annually. 

With that said, entry-level contracts can include signing and performance bonuses, so the total a player makes can exceed $925,000 per year, but there are still limits to that. According to CapFriendly, signing bonuses may not exceed 10% of the contract’s total, and that is paid to players annually. Performance bonuses for entry-level contracts are paid by the team and count against the salary cap. Those bonuses can't exceed the maximum of $2.85 million

OR

Signings Bonuses are paid upon signing a contract, or paid out on July 1 of a contract year.

AND

Performance bonuses are only paid to the player if they meet the requirements as defined by the bonus.

 

Signing a player and playing them in the NHL are different, I don't think this group will waste an entry level year for the sake of 14 games if that many.

The Canuck season will end on their last game April 13th

Edited February 18, 2023 by ToTellTheTruth

[mll]

1 minute ago, ToTellTheTruth said:

Every entry-level contract is a two-way deal and the maximum salary for a player that is drafted in 2022 is set at $925,000 annually. 

With that said, entry-level contracts can include signing and performance bonuses, so the total a player makes can exceed $925,000 per year, but there are still limits to that. According to CapFriendly, signing bonuses may not exceed 10% of the contract’s total, and that is paid to players annually. Performance bonuses for entry-level contracts are paid by the team and count against the salary cap. Those bonuses can't exceed the maximum of $2.85 million

OR

Signings Bonuses are paid upon signing a contract, or paid out on July 1 of a contract year.

AND

Performance bonuses are only paid to the player if they meet the requirements as defined by the bonus.

 

 

 

 

This is signing bonus.  Not performance bonus.  College UFAs are looking to get their signing bonus - it's 95K.  

 

From CapFriendly directly where they actually use Brogan Rafferty as example:

 

How is the cap hit calculated for one year contracts signed after the start of the season?

If a player is signed to a one year contract after the start of the NHL season, that contract is subject to a unique cap hit calculation.

A notable aspect of the calculation is that the cap hit value is increased.

The cap hit is calculated as follows:
Cap hit = Signing bonus × total season days / season days remaining + base salary

Example:
Brogan Rafferty of the Vancouver Canucks signed a one year ELC on April 2, 2019. The contract has a base salary of $832,500, a signing bonus of $92,500, and there were 4 days remaining in the 186 day season:
Cap hit = $92,500 × 186 / 4 + $832,500
Cap hit: $5,133,750

 

 

 

[ToTellTheTruth]

11 minutes ago, mll said:

 

 

This is signing bonus.  Not performance bonus.  College UFAs are looking to get their signing bonus - it's 95K.  

 

From CapFriendly directly where they actually use Brogan Rafferty as example:

 

How is the cap hit calculated for one year contracts signed after the start of the season?

If a player is signed to a one year contract after the start of the NHL season, that contract is subject to a unique cap hit calculation.

A notable aspect of the calculation is that the cap hit value is increased.

The cap hit is calculated as follows:
Cap hit = Signing bonus × total season days / season days remaining + base salary

Example:
Brogan Rafferty of the Vancouver Canucks signed a one year ELC on April 2, 2019. The contract has a base salary of $832,500, a signing bonus of $92,500, and there were 4 days remaining in the 186 day season:
Cap hit = $92,500 × 186 / 4 + $832,500
Cap hit: $5,133,750

 

 

 

IF THEY PLAY IN THE NHL!!!!!

THE AHL DOESN'T COUNT!!!!!!

 

Your math is backwards I hope you were joking

 

92,500 is the signing bonus paid all at once.

If in the NHL

925000/186 = 4974.00 per day X ?days + 92500.00 or paid July 1rst.

Edited February 18, 2023 by ToTellTheTruth

[ilduce39]

We’re probably better off using the LTIR cap space to grease the wheels on Boeser, Myers, Schenn or Garland trades than being a middleman like Minny.

 

IE let’s us retain on our own players more easily or take back a fatter contract during a Schenn deal. 
 

Likely results in a more significant pick coming back than a paltry 4th.

[mll]

52 minutes ago, ToTellTheTruth said:

IF THEY PLAY IN THE NHL!!!!!

THE AHL DOESN'T COUNT!!!!!!

 

Your math is backwards I hope you were joking

 

92,500 is the signing bonus paid all at once.

If in the NHL

925000/186 = 4974.00 per day X ?days + 92500.00 or paid July 1rst.

 

 

Players signed to NHL contracts are 1st added to the NHL roster.  It's only after that they've been added to the NHL roster that they can be sent down (buried cap hit rules apply).  So they need that cap space available to sign the player to the ELC regardless of where he then plays.  They can have an NHL contract that only starts next season but one of the incentive to attract NCAA player is to burn that 1st year of their ELC.

 

Using Rafferty as example as CapFriendly did the math.

 

He signed a maximum ELC of 925K.  92.5K in signing bonus and 832.5K in salary.  The salary was pro-rated - ie he gets 4 days worth of 832.5K (186 day season).  The 92.5K bonus was paid in full though.  So he received 4/186 x 832.5K + 92.5K = 110.4K

 

There were 4 days left to an 186 day season.  A 110.4K payment over 4 days to a 186 day season is the equivalent of a 5.1M cap hit because 4/186 x 5.1M = 110.4

CapFriendly has a direct conduit to the NHL's Central Registry where they can verify that they get the technicalities correctly and verify their numbers.  Livingston can only sign a 1-year ELC so the math will be similar (maximum ELC is now 950K with a 95K signing bonus).  Schuldt signed with 3 days left and Sturm with 5 that same season.

 

Edited February 18, 2023 by mll

[grandmaster]

[spook007]

[Hairy Kneel]

We should work with Dallas. 

Take Khudobin for one year off of their penalty list. 3M cap. Trade for minor playoff help. Burroughs Dries or Garland (retain 1M). Or a bigger trade of Boeser or Miller. Retained. 

Jim Nill time. 

 

 

 

Edited February 19, 2023 by Hairy Kneel